Regulation & Compliance - Announcements, News, Articles & Research: Finextra

Chorley Building Society readies for Consumer Duty requirements with docStribute

Leading UK RegTech docStribute, specialists in document distribution solutions, is excited to announce a strategic partnership with Chorley Building Society.

17 October 2023

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AirPak selects ThetaRay to strengthen AML compliance

AirPak, a leader in remittance services across Central America, is proud to announce its partnership with ThetaRay, a pioneer in AI-powered transaction monitoring solutions.

17 October 2023

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Revolut grows financial crime headcount to combat rising fraud levels

Revolut, the global financial superapp with more than 35 million customers worldwide, has revealed a significant expansion to its Financial Crime (FinCrime) headcount, doubling its size since 2021.

16 October 2023

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Conister Bank obtains UK deposit-taking licence

Manx Financial Group PLC, the holding company providing a range of diversified financial services to the Isle of Man and the United Kingdom, is delighted to announce that on 16 October 2023 the Group’s wholly owned banking subsidiary, Conister Bank Limited (“Conister”), obtained authorisation from the Prudential Regulation Authority (“PRA”) (and consent from the Financial Conduct Authority (“FCA”) in the United Kingdom to accept deposits.

16 October 2023

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Braithwate and Clausematch to provide out-of-the-box programme for MiCA authorisation and compliance

Braithwate, a specialist regulatory consultancy working with regulated financial services has partnered with Clausematch, a Corlytics solution, to combine the cutting-edge compliance technology with Braithwate subject matter expertise and content in addressing the challenge of managing compliance with MiCA framework and crypto regulations.

16 October 2023

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Swarm launches EU-compliant KYC tech for tokenised securities

Swarm, a regulated DeFi platform, today launches its onboarding API, allowing institutions and enterprises who do not have a know-your-customer (KYC) and anti money laundering (AML) provider to offer regulatory-compliant tokenized securities and trading to their users under German law.

13 October 2023

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FSB publishes annual progress report on climate-related disclosures

The Financial Stability Board (FSB) today published its annual progress report on climate-related disclosures.

12 October 2023

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Viva.com Group obtains UK E-Money Institution authorisation from FCA

Viva.com Group, a leading European cloud-based neobank, has received E-Money Institution authorisation for its UK subsidiary, Vivawallet.com Ltd, from the Financial Conduct Authority (FCA).

12 October 2023

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Kiwibank to pay $812,500 civil penalty for overcharging customers

Kiwibank has been ordered to pay a $812,500 civil penalty at the High Court in Wellington for making false and/or misleading representations to some customers, following proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko.

12 October 2023

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TransactionLink raises €5m seed round for KYC/KYB automation

TransactionLink, the drag-and-drop builder saving onboarding teams time and money, has raised a €5m seed round to expand its KYB (know your business) product into new sectors and grow its co-headquarters in Berlin and London.

11 October 2023

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Esma assesses market developments in DeFi and smart contracts

The European Securities and Markets Authority (ESMA), the EU’s financial markets and securities regulator, today publishes two articles on decentralised finance (DeFi), one on developments and risks in the EU market and another on a methodology for the categorisation of smart contracts.

11 October 2023

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Sifma hits out at SEC's proposed new rules on predicitive data analytics

SIFMA and SIFMA AMG today submitted a letter to the Securities and Exchange Commission (SEC) on the proposed rules that would require the elimination or neutralization of the use of predictive data analytics (PDA) and PDA-like technologies by Broker-Dealers and RIAs.

11 October 2023

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